Monday: New Home Sales

by Calculated Risk on 7/25/2021 08:06:00 PM

Weekend:
o Schedule for Week of July 25, 2021

o FOMC Preview: Probably Too Soon for Hints on Tapering

Monday:
o At 10:00 AM ET, New Home Sales for June from the Census Bureau. The consensus is for 800 thousand SAAR, up from 769 thousand in May.

o At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for July.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 and DOW futures are mostly unchanged (fair value).

Oil prices were up over the last week with WTI futures at $72.07 per barrel and Brent at $74.10 per barrel. A year ago, WTI was at $41, and Brent was at $43 – so WTI oil prices are UP about 75% year-over-year (oil prices collapsed at the beginning of the pandemic).

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.14 per gallon. A year ago prices were at $2.15 per gallon, so gasoline prices are up $0.99 per gallon year-over-year.